There were at least 80 stocks on the BSE-500 that gained over 100% in 2017. By comparison, the BSE-500 and the S&P BSE Sensex advanced 35% and 27%, respectively.
The top performer HEG, engaged in manufacturing of graphite electrodes, spiked as much as 1,455% in 2017. The industrial goods company's sales revenue and operating profit grew by 101% and 778%, respectively in the September quarter as compared to the same quarter of 2016. Earlier this month, rating agency India Ratings & Research (Ind-Ra) had upgraded the credit rating of the company as 'IND A+' with a positive outlook.
Indiabulls Ventures was a close second, rallying 1192% so far in 2017 even as market regulator Securities and Exchange Board of India (Sebi) allegedly raised a red flag on the sharp rally in the stock following a preferential allotment to institutional investors between April and June.
In September, Global brokerage house CLSA added the stock in its Asia ex-Japan long-only portfolio.
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Graphite electrodes manufacturer, Graphite India, surged over 800% this year. The company's sales revenue jumped 35.8% year-on-year in the September quarter, while EPS grew over 460%.
Venky's India, and Rain Industries rallied over 500% each, while Bombay Dyeing & Manufacturing Company, Avanti Feeds, and Himadri Speciality Chemical gained 487%, 416% and 361%, respectively.
There were some losers as well. At least 29 stocks on the BSE 500 shed in the range of 10 to 66% so far in 2017. These include Lupin (down 40%), Glenmark Pharma (down 33%), Siti Networks (down 32%), Advanced Enzyme Technologies (down 30%), MCX (down 28%) and Dena Bank (down 22%) etc.
Top 10 best performers on BSE-500
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